$Netflix(NFLX)$I wonder how the news of Netflix laying off workers will affect its business. Note that the workers being let go are lower wage or free lance workers and they are a small portion of Netflix's total workforce. On one hand, it indicates that the company is ready for change. On the other hand, it might make consumers dislike the company more and hence are more likely to unsubscribe. Regardless, the company projects that it will lose more subscribers in the future and I think its share price has not hit rock bottom yet. The true effect of what it is going through will take quite a while to unfold as we observe how well its strategies to pivot its business will work.